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ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 g
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- Is the undertaking excluded from the EU Paris-aligned Benchmarks as part of the Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation?
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Question Id: E1-1_12
This is further supported by the fact that GN do not currently have material climate-related financial risks (see page 29), and the fact that GN is not excluded from the Paris-aligned benchmarks.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of whether and how climate-related considerations are integrated into the remuneration structures for members of the administrative, management, and supervisory bodies. Include an assessment of whether their performance is evaluated against the GHG emission reduction targets as outlined in Disclosure Requirement E1-4. Additionally, specify the percentage of remuneration for the current period that is associated with climate-related considerations, and elucidate the nature of these climate considerations.
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Question Id: E1.GOV-3_01
As stipulated in GN’s Remuneration Policy, ESG-related performance is part of (annual) short-term incentive (bonus) objectives for all members of the Executive Leadership Team. This supports progress on policies, targets, and actions in mitigating our material IROs across several environmental and social topics. For the year 2024, these objectives consisted of one overall objective related to reducing carbon emissions across all scopes versus 2023 in support of making progress towards our 2030 climate targets, and 10 key actions related to decarbonization in specific areas, increasing circularity, ESG-related supplier engagement, sustainability-related marketing and CSRD compliance. ESG-related objectives for the CEO and CFO are approved annually by the Remuneration Committee. In the reporting year, 7.2% of the annual bonus was dependent on these objectives for the CEO and CFO with 12% of their annual bonus was linked to ESG, of which 50% was related to reduction of carbon emissions.
Report Date: 4Q2024Relevance: 90%